HomeMy WebLinkAbout206781
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GIRD
dr O 2013006943 Received: 1/24/2013 12:57:24 PM
Recorded: 01/24/2013 01:10:54 PM Filed &
--i = Recorded in Official Records of Larry Crane,
CA
PULASKI COUNTY CIRCUIT /COUNTY CLERK
ORDINANCE NO. 20,678 Fees $20.00
COUtiTi,
AN " O46INANCE TO ASSESS THE VALUE OF BENEFITS TO BE
RECEIVED BY THE OWNERS OF EACH OF THE SEVERAL BLOCKS,
LOTS AND PARCELS OF LAND WITHIN THE PECAN LAKE
MUNICIPAL RECREATIONAL IMPROVEMENT DISTRICT NO. 4; AND
FOR OTHER PURPOSES.
WHEREAS, a majority in value of the property holders owning property and situated in Pecan Lake
Municipal Recreational Improvement District No. 4 of Little Rock, Arkansas (the "District "), filed
petitions with the Board of Directors of the City of Little Rock, Arkansas, seeking establishment of the
District; and,
WHEREAS, the District was organized for the purposes of constructing, operating, supervising,
maintaining and replacing within the District recreational and common areas and facilities related thereto,
including but not limited to, green areas, landscaped areas, playground facilities, and other improvements
necessary or desirable to enhance the use and benefits of such areas and improvements; and,
WHEREAS, the petition stated that said purposes were to be accomplished in the manner that the
Commissioners of the District deemed to be in the best interests of the District, and the cost thereof to be
assessed upon the real property of the District according to the benefits received; and,
WHEREAS, the City Board of Directors established the District to accomplish the above purposes
by passing Ordinance No. 17,310 of the ordinances of the City of Little Rock, Arkansas, on November 7,
1996; and,
WHEREAS, the Commissioners of the District have made and filed with the City Clerk plans for the
improvements to the District and have reported to the City Board of Directors the estimated cost of the
improvements; and
WHEREAS, a Board of Assessment was appointed to assess the benefits received by each lot, block,
and other subdivision of land within the District by reason of the improvements; and
WHEREAS, the Board of Assessment retained Improvement Districts, Inc., to perform the
assessment of benefits for the District and said assessment of benefits was performed and provided to the
Board of Assessment for review; and
WHEREAS, the Board of Assessment adjusted the assessment of benefits as prepared by
Improvement Districts, Inc., so that an annual levy of 4.00% shall be applied to each lot, block, and other
subdivision of land within the District; and
WHEREAS, after duly reviewing and making the assessments, the Board of Assessors of the District
filed the assessments in the office of the City Clerk pursuant to law, and notice of such filing was duly
published in the Arkansas Democrat - Gazette, a newspaper published in and of general circulation in the
[Page I of 21
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City of Little Rock, Arkansas, on the 2nd day of December, 2012; and
WHEREAS, the hearing on the assessments has been received from any party whose real estate is
embraced in the District; and
WHEREAS, the benefits received by each and every block, lot and parcel of real property situated in
the District equal or exceed the local assessment thereon; and
WHEREAS, the estimated construction cost of the improvement of the District is $200,000 for a
community clubhouse.
WHEREAS, the assessed benefits are $785,000;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY
OF LITTLE ROCK, ARKANSAS:
Section 1. That each of the blocks, lots and parcels of real property in the District be assessed
according to the assessment list of the District as the same now remains in the office of the City Clerk, a
copy of which is attached hereto, and that 4.00% of the assessment of each of the blocks, lots and parcels
shall be collected by the County Collector with the first installment of general taxes becoming due in the
year 2013 and annually thereafter with the first installment of general taxes until the whole of the local
assessment shall be paid.
Section 2. That all ordinances and resolutions and parts thereof in conflict herewith are hereby
repealed to the extent of any such conflict, and this ordinance shall be in full force and affect from and
after its passage.
Section 3. It is hereby determined by the City Board of Directors that there is an immediate need for
the improvements contemplated to be considered by the District, and that the real property in the District
be assessed in a manner sufficient to pay for such improvements, in order to provide for the public peace,
health and safety, and therefore an emergency is declared to exist and this ordinance shall take effect and
be in force from and after its passage.
PASSED: January 22, 2013
, City Clerk
�S TO LEGAL FORM:
Thomas M. Carpenter, Ci ttorney
[Page 2 of 21
APPROVED:
Mark Stodola, Mayor